hi , i would like to ask . for a shoptlot with a rental of 4.5k/month, is the fee of 4k reasonable? anyone know the breakdown of the fees? thanks

depends on location, size, access, population/human traffic

- worthiness depends on the kind of business u are doing

Breakdown of rental :
RM4k - 4.5k is just rental there is no any breakdown

normally u must pay the water bill, electricity, telephone, internet etc. from your own pocket on top of the rental.

Hope my 2 cent information helps

i actually meant the fee i pay to the agent. not the rental, such as stamping fee.. how can it all reach 4k? thanks

search in this subforum for tenancy agreement. got a thread mentioning how they calculate the rate. i lazy search, hope u can =p

This is talking about stamp duty:
http://forum.lowyat.net/index.php?showtopi...2542&hl=tenancy

U mean brokerage fees ?
From the title, I thought you are saying legal fees?

For Broker's fees , equivalent of 1 month's rental per year is 'normal'...but can vary ...esp if demand is very bad in a particular area, the fees can be halved, and tenant also refuses to pay...fees only collectable from landlord.

For legal fees, there is a scale that's a variable of the amount of yearly rental quoted in the tenancy agreement.

Afaik... lawyer charge 1/4 of rental amount...... i.e: 4500 X 1/4 = rm1125.
Its common to ask for discount......i always get 50% discount on this amount
Disbursements fees just add max rm500.
Stamping fees based on the rental above amounts to no more than RM500( im assuming the rental period is 2 years)
Total approx RM2k

I seriously question how on earth the agent is charging u RM4k for the Tenancy Agreement.

eh.... or are u getting confused with agency fees???

during the initial discussion, the agent estimated the xtra fees(besides the deposits) to be about 2k, but suddenly went up to 4k , that's why i was wondering whether there's any guidelines for the fees or the agent can simply charge wat they want. thanks for the replies

Get 2nd quote; maybe the person wants to pull a fast one on you......

actually shoplot rental agreements are quite standard, if you know any lawyers just ask them to lend you a sample then do it yourself.

However if you are talking about agent's comission, the standard rate is 1 month of your rental.

This post has been edited by DannyOP: Dec 25 2008, 05:05 PM

but i've asked around, some ppl say 4k is too high but nobody knows why

most important is what you think. If you think the agent has done a good job then RM4k is not high especially in today's difficult situation, to get a tenant is not easy. Would you rather pay RM2k and leave your shop untenanted for 6 months or pay RM4k for immediate tenancy?